BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) Sees Large Increase in Short Interest

Posted by Bryan LeMar on Dec 27th, 2024

BlackRock MuniHoldings Fund, Inc. (NYSE:MHD – Get Free Report) was the recipient of a significant growth in short interest in December. As of December 15th, there was short interest totalling 120,300 shares, a growth of 235.1% from the November 30th total of 35,900 shares. Based on an average trading volume of 104,500 shares, the days-to-cover ratio is presently 1.2 days.

Institutional Investors Weigh In On BlackRock MuniHoldings Fund

Hedge funds and other institutional investors have recently bought and sold shares of the business. US Bancorp DE acquired a new position in shares of BlackRock MuniHoldings Fund during the third quarter worth approximately $48,000. Wolverine Asset Management LLC bought a new position in BlackRock MuniHoldings Fund in the 2nd quarter worth approximately $91,000. Ashton Thomas Private Wealth LLC acquired a new position in BlackRock MuniHoldings Fund during the 2nd quarter worth $103,000. Insigneo Advisory Services LLC bought a new position in BlackRock MuniHoldings Fund in the 2nd quarter valued at $121,000. Finally, Essex Financial Services Inc. acquired a new stake in shares of BlackRock MuniHoldings Fund in the 2nd quarter valued at $140,000.

BlackRock MuniHoldings Fund Price Performance

MHD stock remained flat at $11.67 during trading on Thursday. 135,250 shares of the company traded hands, compared to its average volume of 103,577. BlackRock MuniHoldings Fund has a 12-month low of $11.41 and a 12-month high of $12.96. The stock has a 50 day moving average of $12.26 and a 200 day moving average of $12.29.

BlackRock MuniHoldings Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a $0.0595 dividend. This represents a $0.71 annualized dividend and a dividend yield of 6.12%. The ex-dividend date is Monday, December 16th.

About BlackRock MuniHoldings Fund

(Get Free Report)

BlackRock MuniHoldings Fund, Inc is a closed-ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in the fixed income markets of the United States. It primarily invests in investment grade municipal bonds that are exempt from federal income taxes.